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How do repayments work?

Learn more about the different ways you can make repayments

Support Team avatar
Written by Support Team
Updated over 3 weeks ago

Your registered debit card will be automatically charged 30 days after the funds have been issued, however if you do wish to make an early repayment, you may do so following the steps below.

How do I make an early repayment?

You can make repayments at any stage of your loan period, without incurring any penalties.

Making a payment is easy:

  1. Log into your account, go to the ‘Repayments’ tab and then choose "Repay early for free”.

  2. Use the slider or type in the amount you want to repay.

  3. You can pay by Instant Bank Transfer or click the drop down and use the debit card we have on file.

Where can I find my full repayment schedule?

To view your full repayment schedule, log into your iwoca account and go to the ‘Repayments’ section.  

Your first repayment will be due either seven or 30 days after your first withdrawal. 

If your repayment date falls on a weekend or bank holiday, your payment will be due on the next working day.

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